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AR HB1307

Bill

Status

Passed

3/18/2025

Primary Sponsor

Mindy McAlindon

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Prohibits Arkansas government institutions and state-supported colleges/universities from considering ESG-related goals when making investments, selecting service providers, or voting shares for institutional funds

  • Bars service providers from pursuing goals related to: greenhouse gas emission reductions, diversity-based corporate board targets, abortion/gender reassignment access, firearm restrictions, or advancing related international agreements

  • Exempts institutions from these restrictions if compliance would cause "materially negative financial impact" on investment performance, provided they document alternatives from at least 3 service providers and publicly post notice seeking compliant providers

  • Requires annual reevaluation of any exemption granted due to financial impact, with public notice posted within 60 days of selecting a non-compliant provider

  • Exempts special gifts where donor intent contrary to these requirements was expressed before January 1, 2024; approved March 18, 2025

Legislative Description

To Ensure Responsible Fund Management; And To Amend The Uniform Prudent Management Of Institutional Funds Act (2006).

Last Action

Notification that HB1307 is now Act 308

3/18/2025

Committee Referrals

Insurance and Commerce3/10/2025
Insurance & Commerce2/20/2025
Insurance and Commerce1/29/2025

Full Bill Text

No bill text available